Wirecard brings more wearable payment options to Europe via Mastercard deal
Wirecard and Mastercard are expanding an existing strategic cooperation with the aim of making digital, contactless payments via wearables accessible to more consumers. As a result, boon from Wirecard will be available in Germany via Garmin Pay, according to a press release.
The companies also are planning future projects for wearable payments outside of Garmin Pay.
"The point of sale is being more strongly affected by evolving innovations than ever before," Arne Pache, vice president of digital payments and Labs at Mastercard, said in the release. "Customers expect sleek payment processes without delays at the till. As visionary companies, Mastercard and Wirecard recognize this trend. We have joined forces in order to actively shape the future of contactless, digital payments and are delighted to today announce our expanded collaboration with Garmin Pay."